Forex Trading Information

Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $5.3 trillion (as of April 2013). Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Everyone can participate in foreign exchange trading via the Forex brokers.

You can also join a friendly community of traders at the Forex forum.

Latest in Forex

  • Baker from Uk writes about ForexTime (FXTM):

    Everyone has an opinion what's the most important in forex trading.

    Of course anyone would say that first of a broker should be trustworthy, and I agree here that's essecial.

    However there are a couple more points which no one can ignore such as ...

  • Alexander Jankovic from Slovakia writes about MXTrade:

    I have traded with MXTrade before and I can say that they are really dedicated on bringing the best quality of services to their customers. They do not give special treatments to their big clients, and treats everyone with the same respect. No matter...

  • Shawn White from Mexico writes about Formax:

    Formax are one of the most professional brokers I have had an account with, execution is excellent, pricing is competitive, deposits and withdrawals are super fast and they have the best customer service I have experienced. Highly recommend!

  • Marco from Italy writes about SuperForex:

    Being a newcomer it was a difficult to begin to trade and difficult to choose the best broker. I just liked their web site and decided to open there my first account. I met here good support, interesting analytics and reviews and good information to...

Forex Blog

Which Part of Your Income Is from Forex Trading?

Mon, 24 Oct 2016 15:33

Every newbie trader dreams of being a full-time Forex trader, with full-time defined as 1–2 hours a day and not having to worry about any financial matters — all being completely compensated by one's trading performance. The reality usually turns out much harsher. First, becoming a profitable trader is...

Forex Brokers Update — October 23rd, 2016

Sun, 23 Oct 2016 8:14

With no new brokers this week, there are some updates to the existing listings worth reporting on: Windsor Brokers no longer have Russian, Chinese, and Greek versions of their website. Added Polish version instead. Forex Club no longer offers RUMUS and StartFX 2 trading platforms....

Weekly Forex Technical Analysis (Oct 24 — Oct 28)

Sat, 22 Oct 2016 9:07


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0629 1.0744 1.0809 1.0924 1.0989 1.1104 1.1168

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0731 1.0784 1.0911 1.0964

Forex News

Australian Dollar Struggles to Rise Ahead of Q3 CPI

Australian Dollar Struggles to Rise Ahead of Q3 CPI

Mon, 24 Oct 2016 17:53

The Australian dollar has continued to grapple against the power of the mighty US dollar. But today, AUD/USD attempted to fight its way back, setting a high at 0.7640 when just on Friday, it traded as low as 0.7587. This, however, does not signal a green light just yet as the report on the Consumer Price Index for the third quarter of 2016 this week could have a major effect on the Reserve Bank of Australia's (RBA) interest rate.

Pound Flat, GDP Report in Focus

Pound Flat, GDP Report in Focus

Mon, 24 Oct 2016 13:29

The Great Britain pound was little changed today as traders are waiting for GDP data from the United Kingdom which will be released later this week.

Euro Struggles to Stay Above Opening Level on Monday

Euro Struggles to Stay Above Opening Level on Monday

Mon, 24 Oct 2016 13:01

The euro attempted to rise after Markit released a bunch of macroeconomic reports from the eurozone, but the rally was limited. In fact, the shared 19-nation currency even fell against some of its most-traded counterparts.

Commodity Blog

Gold Prices Dip as US Dollar Hits 9-Month High on Manufacturing Data

Mon, 24 Oct 2016 17:20

Gold prices started off the trading week in the red as the US dollar strengthened and upbeat manufacturing data impacted the yellow metal. This means gold is...

Bearish Pennant on Daily Chart -- Bad News for Silver

Sun, 23 Oct 2016 21:17

A bearish pennant has formed on a daily chart of silver. The pattern occurs when prices enter a period of consolidation after a sharp move down. It is...

Commodities Technical Analysis, October 24th — October 28th

Sun, 23 Oct 2016 9:21

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of October 23rd, 2016:...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — October 24th 2016

Mon, 24 Oct 2016 9:23

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the October 24th session. WTI Crude Oil — As you can see, Oil fell and bounced enough to form a hammer. It looks as if we are going to continue to grind higher and of course, the $50 level is a large round number. We have been here for a while and it looks as if the bullish pressure continues....

Single Supervisory Mechanism Explained in 3 Minutes

Mon, 24 Oct 2016 9:01

In this video, you will learn about the Single Supervisory Mechanism. Remember Sarah, she recently learned how the European Central Bank and the Eurosystem helped to keep the prices stable in the Eurozone. But Sarah is concerned. She knows that the ECB works hard to maintain the value of her money. But how does she know that the banking sector is healthy and her savings are safe. The global financial...

USD/JPY and AUD/USD Forecast — October 24th 2016

Mon, 24 Oct 2016 8:02

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 24th session. USD/JPY — As you can see, we did pull back a little bit during the day on Friday. But we bounced enough to form a bit of a hammer. I still believe that the 103.00 level below is massively supportive and essentially the floor. But I also recognize that the 105.00 level above is resistance....